DNC Chairman Tim Kaine Praises New CBO Report Confirming the Recovery Act Created Up to 2.1 Million Jobs in the Final Quarter of 2009

WASHINGTON, Feb. 23  /PRNewswire-USNewswire/ -- DNC Chairman Tim Kaine released the following statement today on the news of the latest CBO report further indicating the success of the Recovery Act:

(Logo: http://www.newscom.com/cgi-bin/prnh/20080519/DNCLOGO)

"The report issued today from the nonpartisan CBO could not be clearer in its conclusions. In the fourth quarter of 2009 alone, the President's Recovery Act was directly responsible for creating up to 2.1 million jobs, holding the unemployment rate to 2.1 percent lower than it would have been otherwise and growing the economy by 3.5 percent.

"The reality of this report is welcome news to the millions of Americans who have a job thanks to the Recovery Act. With each passing month, the list grows of independent organizations that have concluded that the Recovery Act was critical to preventing the next Great Depression and is working as anticipated to stabilize our economy. Yet, there are still too many Americans without a job and we still have more work to do to ensure that our economy is poised for decades of growth. As the President has said many times, we never expected this process to be easy or quick and, in fact, today's CBO report attributes any delay in recovery to an economy more deeply damaged than initially projected, rather than any deficiencies in the Recovery Act.

"With the release of these definitive findings and as more Americans feel the impact of the Recovery Act at home, the question of whether the Recovery Act worked has been answered in the affirmative. And yes, today's findings by the CBO confirm that those who supported the Recovery Act were right to do so, and is bad political news for those who opposed it and cheered against its success. But this isn't about politics. This is about getting the country back on track.

"In light of these definitive findings, we hope Republicans will put aside politics, and will now - as Governors Crist and Schwarzenegger have done - get behind what's right for the country."

SOURCE Democratic National Committee

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED